Day: March 7, 2019

Positive news has been stretched thin during the “Crypto Winter,” but there are now genuine signs that the ice is beginning to thaw. With Bitcoin showing remarkable resiliency and price stability in a world that wants to write it off, there are many fundamentals to which believers in the world’s largest cryptocurrency like to pay attention. One of these metrics just went through the roof. The SFOX Crypto Volatility Report: February 2019 was released today, and in this report, analysts try to gauge the health of crypto markets by looking…

Earlier in the year, Fidelity Investments launched its arm dedicated to cryptocurrencies. Called Fidelity Digital Assets (FDAS), the branch trades in and takes custody of digital assets. Now, according to FDAS President Tom Jessop, the platform will take its time adding support for Ethereum. Fidelity Digital Assets The platform currently has support for Bitcoin and is still evaluating what cryptocurrencies may be added in the future. Where Ethereum is concerned, the executive has expressed that the company is biding time: “We’d love to have support [for] ether but you know…

uBUCK Advisor Jon Malach lights up the stage at Hybrid Summit 2019. Hong Kong Blockchain Week is underway and on March 7th, Hybrid Summit 2019 made its debut at HKBW. The blockchain-centered educational event held speakers from all over the world, including IOHK Founder and CEO Charles Hoskinson. Among the many presentations made, the uBUCK presentation, in particular, has gained buzz from the event – according to speaker Jon Malach, uBUCK is offering a new and convenient approach to crypto Mastercards and stablecoin wallets. The Hybrid Summit is an annual event…

In a very informative webinar produced by Chainalysis today, the blockchain research firm made the surprising claim that crypto “whales” – individuals with more than $56 million in Bitcoin – pose no serious risk to the price of Bitcoin. What Constitutes a ‘Crypto Whale?’ Chainalysis defines a Bitcoin whale as an investor sitting on at least $56 million worth of BTC at current prices. | Source: Shutterstock In the presentation titled “Who are Today’s Bitcoin and Bitcoin Cash Whales?,” Chainalysis breaks down the types of whales into several categories including…

Bitcoin prices consolidating but bullish Obscure banks real culprits in money laundering Transactional volumes drop below average Findings indicate that centralized global banks are agents of money laundering and not Bitcoin or cryptocurrencies as peddled by mainstream media. With high transparency level of public blockchains as Bitcoin’s, the native coin, BTC stands to be the money of the web further pumping prices up. Bitcoin Price Analysis Fundamentals From the very inception, Bitcoin as tech is adapting. With a slew of accusations that the global, decentralized “new money” is anonymous and…

Kraken, one of the largest U.S.-based crypto exchanges with daily volume of around $100 million, has hired a Hollywood veteran to be its first chief marketing officer. Matt Mason spent the last four years as the studio head of 1-800-N0TH1NG, described on his LinkedIn page as an “innovation lab” in Los Angeles funded by Sony Pictures. He left that job last month to take the newly created position at Kraken. “Building out the marketing function at Kraken is a critical next step for us as we continue to grow our business and…

A new report from the United Kingdom’s primary financial regulator suggests we’re still a long way from a cryptocurrency revolution. According to the report, only 3 percent of people in the UK have bought cryptocurrency. And an enormous 73 percent still have no idea what crypto is or how to define it. On the bright side, if you own crypto now, you’re in the 3 percent club. If cryptocurrencies do become mainstream, you got in early. Our research finds 73% of UK consumers surveyed don’t know what a ‘cryptocurrency’ is…

Jack Dorsey, the billionaire CEO of Twitter and Square, foresees a strong future ahead for Bitcoin and the cryptocurrency sector. On a podcast called Tales from the Crypt, Dorsey revealed that he maximizes the $10,000 Bitcoin purchase limit on Square Cash to acquire the dominant cryptocurrency. The latest episode of @TFTC21 with @jack is live now! We discuss everything from how Jack came to find & experiment with Bitcoin, the parallels between early Twitter and Bitcoin, pseudonymity, Bitcoin’s effect on the State, & much more. Peep it here:https://t.co/SMqPL7pCY5 — Marty…

Binance Coin (BNB), the native crypto asset of Binance Chain, a blockchain network developed by the world’s largest cryptocurrency exchange, has spiked by 13 percent again, extending the momentum of Bitcoin and the rest of the market. Within one month, the price of Binance Coin has surged from $7.8 to $15.31 by more than 96 percent against the U.S. dollar. 1-Month Price Chart of Binance Coin (Source: Coinmarketcap.com) Off of its recent price movement, Binance Coin overtook Tether, the most dominant stablecoin in the cryptocurrency market, to become the 7th…

Bitcoin price broke the key $3,860 resistance and traded to a new weekly high against the US Dollar. The price is losing bullish momentum, but it is likely to continue above $3,900 and $3,940. There is a key bullish trend line formed with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must break the $3,890 and $3,900 resistance levels to continue higher in the near term. Bitcoin price climbed higher slowly above $3,840 and $3,860 against the US Dollar. BTC could…

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